Forbes

LIVE UPDATES: As voters make their final choices between Kamala Harris and Donald Trump—and in hundreds of congressional and state races, and ballot issues—Forbes will compile the biggest stories from the best news sources right here, until it’s all over. https://trib.al/0mRnwHl

Barack Obama, George W. Bush and Bill Clinton made boatloads of money after leaving office—yet still nowhere near as much as the richest president in American history. Read more: https://lnkd.in/gfHrGR4E

"It's been a pretty slow gradual build. I'm very grateful for that because it gave me a lot of time to grow." Justin The Stallion and Amelie Zilber, both #ForbesTopCreator listers, spoke about balancing the growth of their platforms. Get the full list: https://lnkd.in/gbaT5J-M

Rumors of money laundering have circled Donald Trump’s golf business for years. Forbes uncovered the true source of the funds.

BREAKING NEWS: Donald Trump will return to the White House after winning Tuesday’s presidential race, The Associated Press projected just after 5:30 a.m. Wednesday, defeating Kamala Harris in a stunning comeback. https://trib.al/OBdiyjq

Donald Trump likes to downplay the amount of money he owes. “I’ve got very low debt on buildings, like this building,” he said earlier this year in the lobby of 40 Wall Street, a property that appears to be underwater because of its $118 million mortgage—just one liability in a portfolio with $1.8 billion of them. Trump reworked his balance sheet after leaving the White House, paying off more than a half dozen loans. But three major court decisions collectively added an estimated $574 million of liabilities to his balance sheet. He holds roughly $410 million of cash and more than $9 billion of other assets—including almost $6 billion worth of shares in his (very volatile) social-media venture—which he could theoretically liquidate to pay off creditors. Presented with a list of liabilities, Trump’s Chief Legal Officer Alan Garten pointed out that the former president is appealing the legal judgments—and took issue with Forbes’ numbers, noting that they include debt against buildings where Trump is a limited partner and therefore would not be personally liable in the event of a default. Garten also seemed to suggest, nonsensically, that money owed to members of Trump’s clubs should not be included in the tally because Trump will pay them back with future income. Meanwhile, campaign spokesperson Steven Cheung touted Trump’s career successes and suggested that the former president owes fewer Washington insiders than other politicians: “Because of his love of America, he decided to run for the White House as an outsider not beholden to the establishment.” Whether or not that’s true, there’s no question that Trump owes money to plenty of creditors. Forbes breaks it all down, explaining when the liabilities come due, how expensive the interest will be and who stands to collect the cash: https://trib.al/0qgbkry

Voters rejected legalizing recreational marijuana in the bellwether state. Here’s what it means for federal legalization and pot’s green wave: https://trib.al/MJfMLEM

Ever wondered which aircraft seats are the most awkward or comfortable? Here’s how to avoid nausea-inducing, rear-facing seats, skip window seats without windows and snag seats with the best service. https://trib.al/lR8xuWY

The golden ticket to buy a small business has always been a Small Business Administration 7(a) loan. But thanks to a recent and overlooked rule change, it just got even better, giving ambitious entrepreneurs a chance to build a diversified collection of small businesses–their own baby Berkshire Hathaways. The 7(a) program was established in the same law that created the Small Business Administration (SBA) in 1953. The SBA provides a 75% guarantee on these loans, reducing the risk for lenders and thereby encouraging them to fund small businesses. The money can be used for working capital, equipment, real estate, or even to buy a business. Read more: https://trib.al/s9GMAGI

While Jared Kushner moved to D.C. to advise former president Trump and then to Miami to pursue private equity, his family’s real estate business quietly prospered in his absence—rebuilding a portfolio that’s now more valuable than his father-in-law’s.